Bill > S1600

This bill provides for an abatement of certain property taxes for residential improvements that were damaged or destroyed by a natural disaster in 2017. The key provisions include: 1. Defining important terms such as "damage differential," "disaster relief credit," "natural disaster," "percent change in value," "postdisaster just value," and "uninhabitable." 2. Requiring property owners to file an application with the property appraiser by March 1, 2019, to be eligible for the tax abatement. 3. Directing the property appraiser to investigate the application and provide the tax collector with information such as the number of months the property was uninhabitable, the pre-disaster just value, and the post-disaster just value. 4. Instructing the tax collector to calculate the damage differential and disaster relief credit, and to reduce the 2019 taxes by the amount of the credit. If the credit exceeds the 2019 taxes, the remaining value will be applied to future years until the credit is exhausted. 5. Requiring the tax collector to notify the Department of Revenue and the governing boards of affected local governments about the total reduction in taxes resulting from this bill. 6. Retroactively applying this bill to January 1, 2017, and expiring on January 1, 2021.

Health and Social Services

http://www.flsenate.gov/Session/Bill/2018/1600